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Exercise 5-13 Inventory Turnover And Days Sales In Inventory LO A3 The Following Information For Palmer Co. 2013 2012 2011 Cost Of Goods Sold $ 623,825 $ 406,650 $ 371,300 …

03/05/2020 Client: azharr Deadline: 24 Hours

Exercise 5-13 Inventory turnover and days sales in inventory LO A3


The following information for Palmer Co.


  2013 2012 2011

  Cost of goods sold $ 623,825 $ 406,650 $ 371,300

  Ending inventory 98,400 88,750 93,500


Use the above information to compute inventory turnover for 2013 and 2012, and its days' sales in inventory at December 31, 2013 and 2012.




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